John Barrette

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June 23, 2013
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Carson Perspective: Dispassion over all but the vig gig

Dispassion, in short supply now despite reverence for facts feigned by many advocates, is the special province of bookies and the house. Bookies, purveyors of gambling opportunities in the dwindling number of places where betting is illegal, take the vig and leave it to the patsies to care who wins. The vig is the 10 percent rakeoff for handling the book while taking the risk of being caught or some other reversal of fortune. The house, in places like Las Vegas, relies on odds to provide a smaller slice of a larger pie and to offer up its vig-like take …

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The Nevada Appeal Updated Jul 30, 2013 12:36PM Published Jun 23, 2013 12:03AM Copyright 2013 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.